Business Insurance
The Oregon Workers' Compensation Division on Wednesday announced a temporary rule to ensure appropriate and consistent processing of claims for COVID-19 or exposure to the coronavirus.
Posted: Oct 01, 2020
Government funding legislation, including an extension of the National Flood Insurance Program through Sept. 30, 2021, was signed into law by President Trump Thursday.
Posted: Oct 01, 2020
Weathering a cybersecurity breach that occurred Saturday, Arthur J. Gallagher & Co. on Wednesday reported “significant progress” in restoring its full capabilities, including phone, fax and conferencing capabilities to receive new claims.
Posted: Oct 01, 2020
Seven insurers plan to appeal the Supreme Court's ruling on the U.K. Financial Conduct Authority's test case for non-payment of COVID-19 pandemic-related business interruption claims.
Posted: Oct 01, 2020
A report by U.S.-based insurance broker Arthur J. Gallagher & Co. said that the COVID-19 pandemic and hard market have made it challenging for Australian businesses to renew their insurance policies.
Posted: Oct 01, 2020
Lloyd's of London has launched a new cyber business interruption insurance policy for small and medium sized enterprises.
Posted: Oct 01, 2020
The European Commission has fined Germany-based automotive suppliers Brose Fahrzeugteile GmbH & Co. KG and Kiekert AG €18 million ($21 million) for taking part in cartels.
Posted: Oct 01, 2020
Data from the Albanian Financial Supervisory Authority showed that local insurers' gross written premiums fell nearly 6.5% year-on-year to more than 10.6 billion Albanian leks ($99.3 million) in the first eight months of 2020.
Posted: Oct 01, 2020
The China Banking and Insurance Regulatory Commission and the country's central bank have established a capital buffer mechanism to prevent systemic financial risks.
Posted: Oct 01, 2020
A court has ordered the Japanese government and Tokyo Electric Power Company Holdings Inc. to pay around 1 billion Japanese yen ($9.5 million) for failing to take measures to prevent the 2011 Fukushima nuclear disaster.
Posted: Oct 01, 2020
Experts have said that a lack of trained and competent technical staff in Egypt's insurance industry could make it difficult for insurers.
Posted: Oct 01, 2020
Liberty Mutual’s matrix ranks nine factors that are driving insurance rates higher by frequency and impact. See what’s behind this trend.
Posted: Oct 01, 2020
The U.S. Equal Employment Opportunity Commission, which has been operating with just three commissioners instead of its full complement of five, now has a fourth member.
Posted: Sep 30, 2020
Britain’s markets regulator said on Wednesday it had failed to strike a deal with major insurers over prompt payouts to small businesses battered by the coronavirus pandemic, dashing hopes that a Supreme Court appeal could be easily avoided.
Posted: Sep 30, 2020
Kroll Bond Rating Agency LLC will pay $2.01 million, mainly in fines, to settle U.S. Securities and Exchange Commission civil charges that some of its practices were inadequate to ensure its ratings would be accurate, the regulator said on Tuesday.
Posted: Sep 30, 2020
Sedgwick Claims Management Services Inc. named Jim Ryan to the newly created position of chief operating officer for the Americas.
Posted: Sep 30, 2020
Everest Re Group Ltd. has named Mark Kociancic, most recently group chief financial officer at Scor SE, as executive vice president and group chief financial officer, and Jim Williamson, most recently division president, small business, for Chubb Ltd...
Posted: Sep 30, 2020
The Securities and Exchange Commission said Wednesday it has awarded almost $30 million to two insider whistleblowers whose tips led its staff to open an investigation.
Posted: Sep 30, 2020
Next Insurance Services Inc. has expanded its workers compensation policies to 24 additional states, the Palo Alto, California-based insurtech company announced Wednesday.
Posted: Sep 30, 2020
The American Association of Safety Professionals has developed a new risk assessment technical tool aimed at helping safety professionals better protect workers, the association announced Tuesday.
Posted: Sep 30, 2020
There’s the pandemic and natural disasters, and now this: a homeowners’ association in Littleton, Colorado, is at war with a resident over the color of his garden mulch.
Posted: Sep 30, 2020
Texas is reporting an increase rise in workers compensation networks for treating injured workers: 30, up from 21 in 2019, according to a study released Wednesday on the state of medical networks in the Texas workers compensation system.
Posted: Sep 30, 2020
Bermuda-based insurance and reinsurance group Third Point Reinsurance Ltd. has named former American International Group Inc. executive David Junius as chief operating officer, effective Oct. 1.
Posted: Sep 30, 2020
California Gov. Gavin Newsom on Tuesday signed into law two bills that aim to ensure employers provide and stockpile personal protective equipment for health care workers and will impose up to $25,000 in penalties on those that don’t comply.
Posted: Sep 30, 2020
Anthem Inc. said on Wednesday it would pay $39.5 million as part of a settlement with U.S. states attorneys general following an investigation into a massive cyberattack at the company in 2015.
Posted: Sep 30, 2020